Swiss Life Asset Management Ltd Boosts Position in J.B. Hunt Transport Services, Inc. $JBHT

Swiss Life Asset Management Ltd lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 19.5% in the 4th quarter, Holdings Channel reports. The firm owned 27,258 shares of the transportation company’s stock after acquiring an additional 4,440 shares during the period. Swiss Life Asset Management Ltd’s holdings in J.B. Hunt Transport Services were worth $5,297,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of J.B. Hunt Transport Services by 74.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after purchasing an additional 6,668 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after purchasing an additional 13,729 shares during the last quarter. Empowered Funds LLC increased its position in shares of J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after purchasing an additional 385 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth approximately $539,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of J.B. Hunt Transport Services by 21.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after purchasing an additional 101 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on JBHT. Weiss Ratings cut shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Susquehanna upped their target price on J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a research note on Wednesday, April 22nd. TD Cowen upped their target price on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th. Stifel Nicolaus upped their target price on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, April 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $228.17.

Insider Activity

In other news, Director James K. Thompson sold 1,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total transaction of $254,280.00. Following the completion of the sale, the director owned 19,559 shares of the company’s stock, valued at approximately $4,973,462.52. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the sale, the chief operating officer directly owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. This trade represents a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 4,510 shares of company stock valued at $1,092,450. 2.50% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Up 0.4%

Shares of JBHT opened at $237.80 on Thursday. The firm has a market cap of $22.42 billion, a P/E ratio of 36.81, a P/E/G ratio of 1.76 and a beta of 1.28. The stock has a 50 day simple moving average of $225.20 and a two-hundred day simple moving average of $206.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $256.18.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.